Robeco Institutional Asset Management B.V. bought a new stake in Genius Sports Limited (NYSE:GENI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,371 shares of the company’s stock, valued at approximately $83,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Trellus Management Company LLC increased its stake in Genius Sports by 22.7% in the second quarter. Trellus Management Company LLC now owns 56,548 shares of the company’s stock valued at $350,000 after purchasing an additional 10,471 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Genius Sports during the second quarter valued at about $127,000. Thompson Davis & CO. Inc. purchased a new stake in Genius Sports during the second quarter valued at about $80,000. AE Wealth Management LLC purchased a new stake in Genius Sports during the second quarter valued at about $532,000. Finally, Moody National Bank Trust Division grew its position in Genius Sports by 2.9% during the second quarter. Moody National Bank Trust Division now owns 329,707 shares of the company’s stock valued at $2,041,000 after acquiring an additional 9,346 shares during the period. 43.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GENI has been the subject of a number of research reports. Oppenheimer boosted their price target on Genius Sports from $7.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Benchmark upped their target price on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. B. Riley upped their target price on Genius Sports from $9.00 to $10.00 in a research report on Tuesday, August 8th. BTIG Research upped their target price on Genius Sports from $6.00 to $9.00 in a research report on Tuesday, July 11th. Finally, Citigroup upped their target price on Genius Sports from $7.00 to $9.00 in a research report on Wednesday, July 19th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $9.15.
Genius Sports Stock Performance
Shares of GENI opened at $5.03 on Monday. The company has a market capitalization of $1.11 billion, a P/E ratio of -5.99 and a beta of 2.04. Genius Sports Limited has a one year low of $3.12 and a one year high of $8.45. The stock has a 50-day moving average price of $5.92 and a 200 day moving average price of $5.75.
Genius Sports (NYSE:GENI – Get Free Report) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $86.90 million during the quarter, compared to the consensus estimate of $80.57 million. Genius Sports had a negative return on equity of 13.95% and a negative net margin of 46.77%. Genius Sports’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. As a group, equities research analysts forecast that Genius Sports Limited will post -0.22 earnings per share for the current fiscal year.
Genius Sports Company Profile
Genius Sports Limited develops and sells technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.
See Also
- Five stocks we like better than Genius Sports
- Where to Find Earnings Call Transcripts
- MarketBeat Week in Review – 10/9 – 10/13
- What is a Special Dividend?
- What BlackRock’s Earnings Tell You About The Stock Market Tide
- The Role Economic Reports Play in a Successful Investment Strategy
- Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock
Want to see what other hedge funds are holding GENI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genius Sports Limited (NYSE:GENI – Free Report).
Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter.
